Changes and Consequences
DOI link for Changes and Consequences
Changes and Consequences book
Ordinarily, the doings of the financial system are fascinating to some, and –
let’s be honest – deeply boring to others. But when banks stop lending, ev-
eryone is aVected. No major economy can prosper without credit. Growth
falls, unemployment rises, pension funds lose value. Without vigorous gov-
ernment action, a deep recession is likely.